Naira appreciates against Dollar at parallel market

Naira appreciates against Dollar at parallel market

- The Nigerian Naira appreciated against Dollar for the first time this week at parallel market

- The local currency also appreciated against Pound and Euro

- The Naira closed at N359 to a Dollar, while the Pound and the Euro traded at N478 and N417, respectively

The Nigerian Naira on Wednesday, August 1, appreciated at the parallel exchange market sector after its steady appreciation was halted.

According to NAIJ.com findings, it was gathered that the local currency gained one point against the greenback to close the day at N359/$1.

Also, the local currency appreciated to N498 per Pound rate and N417 to Euro.

Naira maintains rate against dollar at parallel market

Naira appreciates against Dollar

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NAIJ.com previously report the Naira on Monday, July 30, weakened marginally against the dollar at the parallel market.

The Nigerian currency exchanged at N358.3, weaker than N358 traded on Friday, July 27, while the Pound Sterling and the Euro closed at N480 and N420.

At the Bureau De Change (BDC) window, the naira was sold at N360 to the dollar, while the Pound Sterling and the Euro closed at N480 and N420.

Can 1 Naira ever become 1 US dollar again on the Forex market? - on NAIJ.com TV.

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Source: Naija.ng

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